Session 2017-19
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Other Bills before Parliament


 
 

1

 

SUPPLEMENT TO THE VOTES AND PROCEEDINGS

 
 

Wednesday 11 October 2017

 

Committee of the whole House

 

Proceedings

 

Finance Bill


 

(Clause 5 and any new Clauses or new Schedules relating to the tax treatment of payments or


 

benefits received in connection with the termination of an employment or a change in the


 

duties in, or earnings from, an employment; Clause 15 and any new Clauses or new Schedules


 

relating to the conditions under which business investment relief in Chapter A1 of Part 14 of


 

the Income Tax Act 2007 is available; Clause 25 and any new Clauses or new Schedules


 

relating to the extent to which trading profits are chargeable to corporation tax at the


 

Northern Ireland rate)


 

Glossary

 

This document shows the fate of each clause, schedule, amendment and new clause.

 

The following terms are used:

 

Agreed to: agreed without a vote.

 

Agreed to on division: agreed following a vote.

 

Negatived: rejected without a vote.

 

Negatived on division: rejected following a vote.

 

Not called: debated in a group of amendments, but not put to a decision.

 

Not moved: not debated or put to a decision.

 

Question proposed: debate underway but not concluded.

 

Withdrawn after debate: moved and debated but then withdrawn, so not put to a decision.

 

Not selected: not chosen for debate by the Chair.

 

 



 
 

Committee of the whole House Proceedings: 11 October 2017    

2

 

Finance Bill, continued

 
 

PROCEEDINGS COMMITTED UNDER PARAGRAPH (1)(A) (TERMINATION PAYMENTS

 

ETC)

 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

Negatived on division  1

 

Clause  5,  page  12,  leave out lines 8 to 12

 

Kirsty Blackman

 

Ian Blackford

 

Patrick Grady

 

Alison Thewliss

 

Stewart Hosie

 

Neil Gray

Hannah Bardell

Mhairi Black

Deidre Brock

Alan Brown

Dr Lisa Cameron

Douglas Chapman

Joanna Cherry

Ronnie Cowan

Angela Crawley

Martyn Day

Martin Docherty-Hughes

Marion Fellows

Stephen Gethins

Patricia Gibson

Peter Grant

Drew Hendry

Chris Law

David Linden

Angus Brendan MacNeil

Stewart Malcolm McDonald

Stuart C. McDonald

John McNally

Carol Monaghan

Gavin Newlands

Brendan O’Hara

Tommy Sheppard

Chris Stephens

Dr Philippa Whitford

Pete Wishart

 

Not called  12

 

Clause  5,  page  13,  line  27,  at end insert—

 

“402F

  Review of impact of termination payments on low income workers

 

(1)    

Within two months of Royal Assent being given to the Finance (No. 2) Act 2017,

 

the Chancellor of the Exchequer shall commission a review of the impact of the

 

provisions of sections 402A to 402E on low income workers.

 

(2)    

A report of this review must be laid before the House of Commons before the start

 

of the tax year 2018–19.”

 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

Negatived on division  2

 

Clause  5,  page  14,  line  15,  leave out “different” and insert “higher”


 
 

Committee of the whole House Proceedings: 11 October 2017    

3

 

Finance Bill, continued

 
 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

Not called  3

 

Clause  5,  page  14,  leave out lines 20 to 23

 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

Negatived on division  4

 

Clause  5,  page  14,  leave out lines 27 and 28 and insert—

 

““(2)    

“Injury” in subsection (1) includes—

 

(a)    

psychiatric injury, and

 

(b)    

injured feelings.””

 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

Not selected  5

 

Page  9,  line  26,  leave out Clause 5

 

Clause Agreed to.

 


 

PROCEEDINGS COMMITTED UNDER PARAGRAPH (1)(B) (BUSINESS INVESTMENT

 

RELIEF)

 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

Not selected  6

 

Clause  15,  page  21,  line  6,  at end insert—

 

“(b)    

in subsection (4), leave out “and B” and insert “to C”;

 

(c)    

leave out subsection (5) and insert—

 

“(5)    

Condition A is defined in section 809VD.

 

(5A)    

Condition B is defined in section 809VF.

 

(5B)    

Condition C is defined in section 809VFA.””


 
 

Committee of the whole House Proceedings: 11 October 2017    

4

 

Finance Bill, continued

 
 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

Not selected  7

 

Clause  15,  page  21,  line  32,  at end insert—

 

“(4A)    

After section 809VF (Condition B) insert—

 

“809VFA 

  Condition C  

 

(1)    

Condition C is that the person making that investment registers the source

 

of the investment on a public register in a manner prescribed by

 

regulations.

 

(2)    

The Treasury shall by regulations prescribe the manner for public

 

registration of the source of investments.

 

(3)    

A statutory instrument containing regulations under subsection (2) may

 

not be made unless a draft of it has been laid before, and approved by a

 

resolution of, the House of Commons.””

 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

Not selected  8

 

Clause  15,  page  22,  line  20,  after “section”, insert “(other than those specified in

 

subsection (9))”

 

Kirsty Blackman

 

Ian Blackford

 

Patrick Grady

 

Alison Thewliss

 

Stewart Hosie

 

Neil Gray

Hannah Bardell

Mhairi Black

Deidre Brock

Alan Brown

Dr Lisa Cameron

Douglas Chapman

Joanna Cherry

Ronnie Cowan

Angela Crawley

Martyn Day

Martin Docherty-Hughes

Marion Fellows

Stephen Gethins

Patricia Gibson

Peter Grant

Drew Hendry

Chris Law

David Linden

Angus Brendan MacNeil

Stewart Malcolm McDonald

Stuart C. McDonald

John McNally

Carol Monaghan

Gavin Newlands

Brendan O’Hara

Tommy Sheppard

Chris Stephens

Dr Philippa Whitford

Pete Wishart

 

Withdrawn  13

 

Clause  15,  page  22,  line  21,  leave out “on or after 6 April 2017” and insert “on or

 

after the date on which the Chancellor of the Exchequer lays before the House of

 

Commons a report of the review undertaken under section 809VP of ITA 2007”


 
 

Committee of the whole House Proceedings: 11 October 2017    

5

 

Finance Bill, continued

 
 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

Not selected  9

 

Clause  15,  page  22,  line  21,  at end insert—

 

“(9)    

The amendments specified in this subsection are—

 

(a)    

the amendments in subsection (2)(b) and (c);

 

(b)    

the amendment in subsection (4A).

 

(10)    

The amendments specified in subsection (9) have effect where the relevant event

 

as defined in section 809VA of ITA 2007 occurs on or after the date of Royal

 

Assent.”

 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

Not selected  10

 

Page  21,  line  3,  leave out Clause 15

 

Clause Agreed to.

 


 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

Negatived on division  NC1

 

To move the following Clause—

 

         

“Review of conditions under which business investment relief is available

 

(1)    

Chapter A1 of Part 14 of ITA 2007 (remittance basis) is amended as follows.

 

(2)    

After section 809VO (investments made from mixed funds), insert—

 

“809VP 

  Review of conditions under which business investment relief is

 

available  

 

(1)    

Within six months of the coming into force of section 15 of the Finance

 

(No. 2) Act 2017, the Commissioners for Her Majesty’s Revenue and

 

Customs shall complete a review of the conditions under which business

 

investment relief is available.

 

(2)    

For the purposes of this section “the conditions” means—

 

(a)    

Condition A as defined in section 809VD,

 

(b)    

Condition B as defined in section 809VF.


 
 

Committee of the whole House Proceedings: 11 October 2017    

6

 

Finance Bill, continued

 
 

(3)    

The review shall make an estimate of the value of the reliefs granted as a

 

result of the conditions in respect of each tax year for which the relief has

 

been available.

 

(4)    

The review shall make an estimate of the change in the value of the reliefs

 

granted as a result of—

 

(a)    

changes to the conditions relating to eligible hybrid companies,

 

(b)    

changes to the periods specified in sections 809VD and 809VH,

 

(c)    

changes to the grace period in section 809VJ.

 

(5)    

The review shall make an assessment of the effectiveness of the

 

conditions in relation to the stated policy aims of the Government in

 

relation to business investment relief.

 

(6)    

The review shall prepare an analysis of the characteristics of

 

beneficiaries of reliefs having particular regard to—

 

(a)    

income distribution,

 

(b)    

gender and other protected characteristics under the Equality Act

 

2010,

 

(c)    

domicile (including deemed domicile).

 

(7)    

A report of the review under this section shall be laid before the House of

 

Commons within one calendar month of its completion.””

 


 

Kirsty Blackman

 

Ian Blackford

 

Patrick Grady

 

Alison Thewliss

 

Stewart Hosie

 

Neil Gray

Hannah Bardell

Mhairi Black

Deidre Brock

Alan Brown

Dr Lisa Cameron

Douglas Chapman

Joanna Cherry

Ronnie Cowan

Angela Crawley

Martyn Day

Martin Docherty-Hughes

Marion Fellows

Stephen Gethins

Patricia Gibson

Peter Grant

Drew Hendry

Chris Law

David Linden

Angus Brendan MacNeil

Stewart Malcolm McDonald

Stuart C. McDonald

John McNally

Carol Monaghan

Gavin Newlands

Brendan O’Hara

Tommy Sheppard

Chris Stephens

Dr Philippa Whitford

Pete Wishart

 

Not moved  NC3

 

To move the following Clause—

 

         

“Review of the efficacy of the conditions for business investment relief

 

(1)    

Chapter A1 of Part 14 of ITA 2007 (remittance basis) is amended as follows.

 

(2)    

After section 809VO (investments made from mixed funds), insert—

 

“809VP 

  Review of efficacy of the conditions for business investment relief

 

(1)    

Within two months of Royal Assent to the Finance (No. 2) Act 2017, the

 

Commissioners for Her Majesty’s Revenue and Customs shall complete


 
 

Committee of the whole House Proceedings: 11 October 2017    

7

 

Finance Bill, continued

 
 

a review of the impact of the conditions for business investment relief in

 

encouraging investment in the UK.

 

(2)    

The review shall make an estimate of additional investment as a result of

 

the condition for business investment relief—

 

(a)    

prior to Royal Assent being given to the Finance (No. 2) Act

 

2017, and

 

(b)    

if the changes to those conditions in section 15 of the Finance

 

(No. 2) Act were brought into force.

 

(3)    

The Chancellor of the Exchequer shall lay the report of this review before

 

the House of Commons.””

 

 


 

PROCEEDINGS COMMITTED UNDER PARAGRAPH (1)(C) (TRADING PROFITS TAXABLE

 

AT THE NORTHERN IRELAND RATE)

 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

Not selected  11

 

Page  35,  line  9,  leave out Clause 25

 


 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

Negatived on division  NC2

 

To move the following Clause—

 

         

“Review of changes to chargeability of trading profits to corporation tax at

 

Northern Ireland rate

 

(1)    

CTA 2010 is amended as follows.

 

(2)    

After section 357WH (Allocation of Northern Ireland profits etc of firm to

 

company), insert—

 

“357WI 

  Review of changes to chargeability of trading profits to

 

corporation tax at Northern Ireland rate

 

(1)    

As soon as practicable after the completion of the first financial year in

 

respect of which the Northern Ireland rate is set by the Northern Ireland

 

Assembly in accordance with the provisions of section 357IA, the

 

Commissioners for Her Majesty’s Revenue and Customs shall complete

 

a review of the effects of the changes to chargeability of trading profits


 
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Revised 11 October 2017